Finster, keeping with the Vegas theme, you have certainly been dealt a bad hand. Too dense to recognize your severe shortcomings and too arrogant not to expose that fact to everyone. According to Finster BTU has been the "opportunity of a lifetime" since $30, supposedly adding to his position all the way down to these lowly levels. But one must keep in mind Finster has made many outlandish claims during his stay on the message board including representing himself as a CPA which was proved blatantly false when Finster made some truly laughable statements concerning BTU's book value that only an uneducated neophyte would dare utter. Now that Finster admits to being 25 years old, most likely living under his mother's roof, investing his pizza delivery money, it has become painfully clear these are just the ramblings of a young wannabe with dreams of being a big shot. May I suggest Finster you finish your high school education and pursue a trade of some sort...Warren Buffett you are not.
Not a good idea to invest in a stock nor an industry clearly you know nothing about. Politics has very little to do with BTU's demise.
Absolutely no reason why ABX should of traded down today. GLD up, NEM up over 2%. ABX was down over 5% yesterday alone! NEM was down only 1% yesterday yet it is up over 2% today.
BTU's $1 billion in 10% bonds sold just last March are now trading below 80 cents on the dollar (now yielding 15%). Nobody wants to touch BTU debt much less their stock at any price. Moose tried to warn you many, many months ago.
Tickets are no longer available, the show has been Sold Out. We looking forward to serving you again though at the next 52 Week Low Gala!
Tickets now on sale, this event sure to be much better than the last 180. BTU cheerleaders will perform their latest cheer! Finster will explain BTU price action and why he has been adding to his position from the mid 40s, 30s, 20s, 10s and now low single digits. Not often one has the opportunity to hear the thoughts of such an esteemed financial guru as Finster! And to end the evening, Steve Grasso will be signing posters of himself in the lobby! Truly a joyous occasion for all, that cannot be missed. You will laugh, cry, and shout out loud!
The analysts over at the money center banks and the majority of the Wall Street talking heads have claimed adamantly that the meteoric rise in equities has been all about organic growth, increased earnings, dismissing that stocks have greatly benefited form unprecedented Central Bank policies such as QEs, money printing and negative real interest rates.
My response is BS! In my opinion the majority of the move in stocks is due to cheap money, the expansion of PEs, corporations issuing debt to buyback shares, hike the dividend. Now that the longer end of the bond market is finally moving higher and telling the Central Bankers enough of this insanity, we shall see just how long stocks can maintain these lofty levels.
I foresee a major sell-off in the coming weeks. I suspect BTU might outperform in the sense it is not down as much as the indexes, but considering how much BTU has been absolutely pummeled the past 2 years, no big surprise. Until some form of bankruptcy is announced BTU remains in a tight trading range, the stock is basically now an option.
You certainly have valid points but there is a reason why individuals residing in emerging markets have a much higher savings rate (percentage wise) from those residing in developed economies. They have no safety net, they pay for the majority of their healthcare needs out of pocket. So I don't see these funds as potential future spending. And although the savings rate for the emerging market population might be relatively high the debt levels of both corporations and govts have risen dramatically.
Russia and Brazil are commodity economies, heavily weighted towards crude, so as the price of oil goes so does their prosperity. I don't see the direction of the greenback have that much of an influence. Russia is burning through it's reserves rapidly due to the fall in oil, frankly unless crude continues to rise they remain in big trouble.
I guess my point is, the world stock markets are highly leveraged due to unprecedented financial engineering brought on by insane liquidity. The second the market gets a whiff the punch bowl is being taken away all hell is going to break loose. The many bubbles will be exposed, especially in the debt markets which will tank equities. The recent dramatic rise in longer term treasuries is the catalyst I have been looking for to bring this madness to an end, hence the reason I called for a major, major correction a few days ago when the market was making new highs. I knew it could not sustain itself under the weight of rising rates, especially a market built on cheap money.
LOL. There is no right partner for the most despised family in America. Who in their right mind would partner with the Kardashians...LOL.
China's equity market has had a huge gain the past 3 months for no good reason other than liquidity. Rising interest rates both in Europe and the United States trumps any move by the U.S. dollar as far as the emerging markets are concerned. China's debt levels are skyrocketing, bad loans exploding and their mammoth property bubble deflating, add that unholy trilogy to a slowing economy and I see a huge correction for their stock market in the coming months. In fact, I see a crash. We shall see.
What a bonehead move by Mgt to get involved with these low-lives in the first place!
You hit the nail on the head, the Central Bankers have murdered the free market, the price discovery mechanism was broken long ago, creating endless bubbles, severe dislocations will follow. I foresee the emerging markets getting slammed in the coming months, what a Ponzi Scheme China and alike have become. When it does turn, it will turn fast and ugly! Dominoes will fall.
Long end of the U.S. Treasury market is not waiting for the Fed to stop the madness and has begun a violent move up in yields. This spike higher in yields will be magnified by investors fleeing bond ETFs and will prove devastating for both the critical junk bond market and equities worldwide.
U.S. rates normalizing is all it will take to start the dominoes falling, it doesn't matter China and Europe remain in easing mode. As U.S. rates rise, liquidity, carry trades, and leverage will dry up. The Greenback will soon breach toxic levels as the discrepancy in yields pushes more funds into our currency, terrible news for corporate earnings, the emerging markets. Last night China stocks fell nearly 5%, this is just the beginning of their stock debacle.
The Talking Heads have been hyping this market non-stop, talking their book, claiming stocks are moving higher based on earnings, nothing could be further from the truth. Stocks have been moving higher by the drug called liquidity, easy money, issuing debt to purchase shares and raise dividends, PERIOD! This is NOT about organic growth the past 5 years, this has been based solely on manipulation by the Central Bankers!
It is going to get UGLY! Moose was spot on calling the collapse of BTU many months ago, Moose will be proven right once again, a major, major, stock correction heading our way! The game is nearly up for Central Bankers who murdered the free market, price discovery...Many very painful dislocations will be the consequence. Act accordingly and short the S&P 500, Russell 2000, Chinese equities.
Huge Red Flags as liquidity and carry trade drying up. Strongly suggest purchasing SDS now!!!
A rather large correction on the way. Liquidity drying up, carry trade going away as interest rates rise.
Have you no shame Finster? You have been spewing nearly the same exact post for the past two years, riding this PIG all the way down to these lowly levels. If anyone was stupid enough to listen to your ignorant BS they would of lost a fortune. Why aren't you deep within a remote cave somewhere with a bag over your head? What an embarrassment you are.
One glaring problem with your thesis...BTU does not pay a dividend, they slashed it to practically nothing a few months back.